Colorado SB 134 — Payment Card Networks' Fees

Colorado, 2026A. SB 134: Payment Card Networks' Fees

Plural source record ↗

Official legislative source ↗

Latest action

June 3, 2026 — Governor Vetoed

Summary

An interchange fee is a fee established, charged, or received by a payment card network for the purpose of compensating an issuer for its involvement in an electronic payment transaction. The act states that a payment card network shall not, whether directly or indirectly:Establish, charge, or include in a fee schedule an interchange fee if:The interchange fee is or includes a percentage multiplied by the gross dollar amount of a transaction conducted with a debit card or credit card; andThe fee does not exclude from the gross dollar amount of the transaction any amount attributable to a tax on the transaction; orIncrease the rate or amount of fees that apply to the nontax portion of a transaction in an attempt to, or in a manner that would, circumvent the prohibition on interchange fees established by the act.     The act exempts electronic payment transactions involving a debit card or credit card issued by a person, or agent of a person, that issues a debit card or credit card to a cardholder (issuer) that:Did not, during any point in the previous calendar year, hold consolidated worldwide banking and nonbanking assets, including assets of affiliates, other than trust assets under management, of more than $60 billion; orAs of February 1, 2026, had contracted to brand the card with the brand of a financial institution chartered or authorized to do business in this state that did not, during any point in the previous calendar year, hold consolidated worldwide banking and nonbanking assets, including assets of affiliates, other than trust assets under management, of more than $60 billion.An issuer that satisfies either of these exemption descriptions must identify to a payment card network all of the issuer's debit cards and credit cards that are used for exempted transactions. The payment card network shall not, whether directly or indirectly through an agent, contract, requirement, condition, penalty, technological specification, or inducement or otherwise:Deny such a card access to transaction processing systems; orImpose any fee increase or penalty on the issuer or on a financial institution branded on the card for any costs of upgrades or configurations to payment and processing systems that may be necessary to comply with the act with respect to such cards.     If a payment card network violates the act's prohibitions, a merchant, consumer, or other person that is injured as a result of the violation may bring a civil action against the payment card network. The act sets forth the penalties to be awarded in such an action.     For the 2026-27 state fiscal year and each state fiscal year thereafter, the act requires each retail business that has more than 500 employees statewide on the effective date of the act to apply any savings resulting from the act to reducing prices for consumers or investing in employee wages or benefits.(Note: This summary applies to this bill as enacted.)

Sponsors

• I. Jodeh — primary sponsor
• W. Lindstedt — primary sponsor
• M. Duran — primary sponsor
• J. McCluskie — primary sponsor
• J. Amabile — primary sponsor
• D. Roberts — primary sponsor
• M. Weissman — primary sponsor
• M. Brooks — primary sponsor
• K. Brown — primary sponsor
• M. Froelich — primary sponsor
• L. García — primary sponsor
• K. Nguyen — primary sponsor
• L. Smith — primary sponsor
• T. Story — primary sponsor
• J. Willford — primary sponsor
• S. Woodrow — primary sponsor
• M. Ball
• L. Daugherty
• K. McCormick
• M. Rutinel
• E. Sirota
• Y. Zokaie

Bill text

Signed Act Read version ↗

Final Act Read version ↗

Rerevised Read version ↗

Revised Read version ↗

Reengrossed Read version ↗

Engrossed Read version ↗

Introduced Read version ↗

Recorded votes

Legislative history

1. March 4, 2026Introduced In Senate - Assigned to Business, Labor, & Technology
2. March 12, 2026Senate Committee on Business, Labor, & Technology Refer Unamended to Senate Committee of the Whole
3. March 16, 2026Senate Second Reading Laid Over to 03/17/2026 - No Amendments
4. March 17, 2026Senate Second Reading Laid Over to 03/18/2026 - No Amendments
5. March 18, 2026Senate Second Reading Laid Over to 03/19/2026 - No Amendments
6. March 19, 2026Senate Second Reading Laid Over to 03/20/2026 - No Amendments
7. March 20, 2026Senate Second Reading Laid Over to 03/23/2026 - No Amendments
8. March 23, 2026Senate Second Reading Laid Over to 03/24/2026 - No Amendments
9. March 24, 2026Senate Second Reading Laid Over to 03/25/2026 - No Amendments
10. March 25, 2026Senate Second Reading Laid Over to 03/26/2026 - No Amendments
11. March 26, 2026Senate Second Reading Laid Over to 03/30/2026 - No Amendments
12. March 30, 2026Senate Second Reading Laid Over to 03/31/2026 - No Amendments
13. March 31, 2026Senate Second Reading Laid Over to 04/01/2026 - No Amendments
14. April 1, 2026Senate Second Reading Laid Over to 04/02/2026 - No Amendments
15. April 2, 2026Senate Second Reading Laid Over to 04/06/2026 - No Amendments
16. April 6, 2026Senate Second Reading Laid Over to 04/07/2026 - No Amendments
17. April 7, 2026Senate Second Reading Laid Over to 04/08/2026 - No Amendments
18. April 8, 2026Senate Second Reading Laid Over to 04/09/2026 - No Amendments
19. April 9, 2026Senate Second Reading Laid Over to 04/10/2026 - No Amendments
20. April 10, 2026Senate Second Reading Laid Over to 04/13/2026 - No Amendments
21. April 13, 2026Senate Second Reading Laid Over to 04/17/2026 - No Amendments
22. April 17, 2026Senate Second Reading Laid Over to 04/20/2026 - No Amendments
23. April 20, 2026Senate Second Reading Laid Over to 04/24/2026 - No Amendments
24. April 24, 2026Senate Second Reading Laid Over to 04/27/2026 - No Amendments
25. April 27, 2026Senate Second Reading Passed with Amendments - Floor
26. April 28, 2026Senate Third Reading Laid Over Daily - No Amendments
27. April 29, 2026Senate Third Reading Passed - No Amendments
28. May 1, 2026Introduced In House - Assigned to Finance
29. May 4, 2026House Committee on Finance Refer Unamended to House Committee of the Whole
30. May 5, 2026House Second Reading Special Order - Passed - No Amendments
31. May 6, 2026House Third Reading Passed - No Amendments
32. May 22, 2026Signed by the President of the Senate
33. May 22, 2026Signed by the Speaker of the House
34. May 22, 2026Sent to the Governor
35. June 3, 2026Governor Vetoed

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